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Apr 16, 2012
04/12
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it's a tough economy still. people are living with the scars of the crisis, the worst since the great depression. you can see the damage in high unemployment, housing is still weak. it's not surprising that you see that. consumer confidence is gradually getting stronger and business confidence is gradually getting stronger. the business of america is business. business sector looks really pretty strong now, high-tech is strong, manufacturing pretty strong. energy, huge boom, agriculture pretty strong, exports coming back, private investments are growing. those are encouraging signs of strength. what hurt us in 2010 and '11 is the crisis in europe, the crisis in japan and the oil price shock. as fewer of those things receded a bit, the economy has strengthened. we have a long way to go, a lot of challenges ahead. what we should be doing is working with congress to get people back to work, making the economy stronger right now. >> a lot the people look at the stock market and those jie rags and wonder what to make
it's a tough economy still. people are living with the scars of the crisis, the worst since the great depression. you can see the damage in high unemployment, housing is still weak. it's not surprising that you see that. consumer confidence is gradually getting stronger and business confidence is gradually getting stronger. the business of america is business. business sector looks really pretty strong now, high-tech is strong, manufacturing pretty strong. energy, huge boom, agriculture pretty...
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Oct 10, 2011
10/11
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it's good for the economy today. and it will be good for t economy long-term. was there opportunities? he to the opportunity to deal with all three within the first six months. we're now importing auto jobs. we're -- before it was near bankruptcy. i would also are not to get too political too fast but i can't miss the opportunity. which is some people in the remote minority wrote stories and wrote op-eds saying let it go bankrupt. the president of the united states doubled down on the american workers, auto industry not only is stronger, not only creating the jobs today, we also negotiated two fuel efficiency standards that were denied for 30 years, and now the united states went from 2% to 40% of their alternative battery production. at every level the auto industry that was first started here in the united states is strornger and bet irand more prepared for the future than it was when he was in office and 1.2 million manufacturing jobs, and manufacturing base of america, is stronger. now that's not enough. and he'll be the first to admit it. and the next step
it's good for the economy today. and it will be good for t economy long-term. was there opportunities? he to the opportunity to deal with all three within the first six months. we're now importing auto jobs. we're -- before it was near bankruptcy. i would also are not to get too political too fast but i can't miss the opportunity. which is some people in the remote minority wrote stories and wrote op-eds saying let it go bankrupt. the president of the united states doubled down on the american...
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Sep 13, 2010
09/10
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>> this sunday, the politics of the economy. have americans lost faith in the president and his party to dig the country out of recession? >> the hole the recession left was huge. the progress has been painfully slow. millions of americans are still looking for work. >> can the white house do anything before november to put people back to wortk? and who is right in the debate about your taxes? i'll explore the president's thinking and go inside the white house's campaign strategy with senior adviser to the a preside, david axelrod and then nine years after 9/11, what's behind the new wave of anti-muslim sentiment in america? has the president helped or hurt by weighing into controversies about an islamic community center and mosque in lower monta manhattan and a florida's pastor threat to burn a holy koran. we'll talk with rudy giuliani. finally, our political roundtable weighs in on the legacy of the 9/11 attacks, religious tensions in america and the outlook for the midterm race. with us the bestselling author of "no god but g
>> this sunday, the politics of the economy. have americans lost faith in the president and his party to dig the country out of recession? >> the hole the recession left was huge. the progress has been painfully slow. millions of americans are still looking for work. >> can the white house do anything before november to put people back to wortk? and who is right in the debate about your taxes? i'll explore the president's thinking and go inside the white house's campaign...
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Sep 19, 2011
09/11
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raising taxes in this economy. that's the kind of sustenance that republicans will feed on and say, we just can't do it. and you've warned against it, as well. you think there's too much emphasis on taxing the rich? >> well, first of all, i believe that the -- that as you look at how we're going to balance this budget, and get a hold of the debt over the long run, clearly eryone has looked at it. all the bipartisan commissions, extremely good work done by alan simpson and erz kin bowles and their commission. they say you've got to have spending cuts and economic growth if you want to bring the budget back into balance. you have to have all three. and the least harmful tax increases are the ones that senator mcconnell, and people who agree with him, hate the most. and that is restoring the tax levels that were through whe i was president for those of us in high income group levels. that's the one that does the least harm. i agree we ought to have corporate tax reform. i agree that in this world, where there's a lot
raising taxes in this economy. that's the kind of sustenance that republicans will feed on and say, we just can't do it. and you've warned against it, as well. you think there's too much emphasis on taxing the rich? >> well, first of all, i believe that the -- that as you look at how we're going to balance this budget, and get a hold of the debt over the long run, clearly eryone has looked at it. all the bipartisan commissions, extremely good work done by alan simpson and erz kin bowles...
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Dec 14, 2009
12/09
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investment occurs when you have a stable economy. and when you can foresee what's going on in the future. because remember, you make a risky investment which may have ten years, 15 years life to it. unless you have some semblance of a notion as to what is out there, you're going to be reluctant to invest. that is key. i agree with jim in this respect. i think it's very critical that we get the uncertainties out of the system. >> you think additional stimulus for jobs makes sense at this stage? >> no. i think what is missing in this whole discussion is where i presume to be the major source of the recovery, and that is the remarkable increase in the amount of stock market wealth that has occurred in the last six to nine months. people think stock prices are just paper profits. they are not. they create real purchasing power and most importantly, they create a fluidity into the financial system which is the reason why even though banks are not lending freely at this particular stage, they are solvent and the problems that we had six to
investment occurs when you have a stable economy. and when you can foresee what's going on in the future. because remember, you make a risky investment which may have ten years, 15 years life to it. unless you have some semblance of a notion as to what is out there, you're going to be reluctant to invest. that is key. i agree with jim in this respect. i think it's very critical that we get the uncertainties out of the system. >> you think additional stimulus for jobs makes sense at this...
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Jun 4, 2012
06/12
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how do we grow the economy? the old way, send our money to washington and try to grow it top down or take money out of slow government and put it in the american people's pockets and invest and grow the economy naturally and organicly. there is a new republican agenda. >> what is the bold economic idea that you would like president obama to run on? you are in a big city. you see the impact of the economy every day. what is the big idea he ought to be running on? >> making sure he gets the congress to pass the infrastructure investments we have been talking about for more than two years that republicans and democrats have traditionally agreed upon and get the country moving again. we know that infrastructure generates jobs. and facts have to matter in this election. alex referenced mitt romney's 4.7 unemployment. the president had to deal with the worst economy in 80 years. he had much tougher challenges than mitt romney ever had. and the fact of the matter is 40 months in to barack obama's presidency jobs were c
how do we grow the economy? the old way, send our money to washington and try to grow it top down or take money out of slow government and put it in the american people's pockets and invest and grow the economy naturally and organicly. there is a new republican agenda. >> what is the bold economic idea that you would like president obama to run on? you are in a big city. you see the impact of the economy every day. what is the big idea he ought to be running on? >> making sure he...
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139
Aug 4, 2011
08/11
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the republican plan to turn this economy of our nightmares into the economy of our i dreams is to keep everything great for corporations and the waters of prosperity will find everybody else somehow. while corporate profits are growing in double digits, even while they are planning record layoffs, the republican mindset is to cut spending on everything else, no matter the cost to economy or jobs but to give corporations more and more and more and that's what is winning in washington. that's the way our policy course has been set. republicans in congress just held the debt ceiling ransom for a deal that stands to grievously wound the economy if the predictions are correct. it's more than $2 trillion in cuts. the deal's expected to whack another 323,000 jobs right out of the economy, enough to slow economic growth by 0.3%. factor in the stimulus plans the democrats said they wanted in the deal but end up giving up in negotiating, ends up costing 1.8 million jobs and 1.5% of gdp and economic growth. oil companies get to keep their subsidies and anybody lucky enough to fly in a corporate j
the republican plan to turn this economy of our nightmares into the economy of our i dreams is to keep everything great for corporations and the waters of prosperity will find everybody else somehow. while corporate profits are growing in double digits, even while they are planning record layoffs, the republican mindset is to cut spending on everything else, no matter the cost to economy or jobs but to give corporations more and more and more and that's what is winning in washington. that's the...
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Jul 1, 2011
07/11
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and global economy? if the u.s. even come close, it could open the door to a serious run by an independent. not since ross perot have we seen anything like it. so on this independence day we ask, could we see a real run by a third party candidate. >>> plus, did mitt rommy put on the plip flip-flops again? romney said, i didn't say that things are worse, except that he did just days earlier. quite a few times. we have it all on tape. we put it together in an independence day panel of experts to look ahead at the republican field, all those money reports and everything else and the president's chances of reelection. and we mentioned, the nba lockout added to this nfl lockout. is it possible? we could be looking at autumn and winter with no football, no basketball, at least on the professional level, because the millionaires and billion airs didn't agree on lou to divide billions of dollars. >>> what's wrong with this picture? nothing if you're mitt romney. what candidate's son is posing with him? here's a hint. not ro
and global economy? if the u.s. even come close, it could open the door to a serious run by an independent. not since ross perot have we seen anything like it. so on this independence day we ask, could we see a real run by a third party candidate. >>> plus, did mitt rommy put on the plip flip-flops again? romney said, i didn't say that things are worse, except that he did just days earlier. quite a few times. we have it all on tape. we put it together in an independence day panel of...
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Apr 3, 2011
04/11
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a good economy. it's the single best indicator of whether an incumbent president gets re-elected and guess what. this guy really wants to get re-elected. i don't think he's doing whatever it takes to get everybody poor. >>> finally, civics on the house floor. not civility. civics. this week, republican majority leader cantor he said that if the house passed the quote government shutdown prevention act it would become the law. that's just not true. as well anybody who's seen how a bill becomes a law will tell you. guess what, anthony weiner decided from brooklyn not going to let cantor's slip completely go unnoticed. watch this. >> i brought you this. house mouse, senate mouse. which is sold in the gift shop to teach children how to understand the constitution and permit to read. it's the floor of each chamber of the senate and house where each senator and congress mouse gets to vote on the bill and if enough do, if enough do, this president signs it if he likes to. >> ah, anthony weiner, been on a ro
a good economy. it's the single best indicator of whether an incumbent president gets re-elected and guess what. this guy really wants to get re-elected. i don't think he's doing whatever it takes to get everybody poor. >>> finally, civics on the house floor. not civility. civics. this week, republican majority leader cantor he said that if the house passed the quote government shutdown prevention act it would become the law. that's just not true. as well anybody who's seen how a bill...
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Jul 11, 2011
07/11
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global economy. it's not something we -- failure is not an option. and the leaders, to their credit, understand that. and let me just say, there is no credible way to give congress more time. there's no constitutional option, there is no delay option, there's no creative financial option. they have to act by the 2nd. >> it's a significant consequence that you're outlining here, that america's credit rating could be downgraded without a deal by august 2nd. >> and it's much worse than that. that itself would be very damaging because that would affect the value of all americans' savings, the capacity of businesses to borrow to put people back to work. remember, 80 million checks a month we write, including people who depend on those checks to go out and buy food to meet their basic needs. >> would you have to make that decision? >> there's no alternative for congress to act by the 2nd, and they recognize it. and i'm very confident they will do that. i think what we're debating, david, is not really that
global economy. it's not something we -- failure is not an option. and the leaders, to their credit, understand that. and let me just say, there is no credible way to give congress more time. there's no constitutional option, there is no delay option, there's no creative financial option. they have to act by the 2nd. >> it's a significant consequence that you're outlining here, that america's credit rating could be downgraded without a deal by august 2nd. >> and it's much worse than...
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186
Aug 5, 2011
08/11
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the economy is really struggling. can't discount the possibility that the economy would push back into recession and i think you put your finger on a very important point. that is confidence. confidence is very weak. people are shell shocked. if anything goes slightly off traffic, european debt problem for example, the bickering in washington, it unnerves people and they freeze, they stop spending, businesses stop investing and stop hiring. it's really in my mind a crisis of confidence. we are just so nervous. we need to get a break here and hopefully policy makers make a few good steps here and in the u.s. and in europe and i think confidence will re-establish itself and be off and running. but it's going to be a tricky time and i wouldn't completely discount the possibility of a double dip. >> and mark, when we talk about policy makers taking good steps, haven't they used up all of their ammo. back in 2008 and 2009, ben bernanke had options, extraordinary options he used but now everything has been spent. >> well, y
the economy is really struggling. can't discount the possibility that the economy would push back into recession and i think you put your finger on a very important point. that is confidence. confidence is very weak. people are shell shocked. if anything goes slightly off traffic, european debt problem for example, the bickering in washington, it unnerves people and they freeze, they stop spending, businesses stop investing and stop hiring. it's really in my mind a crisis of confidence. we are...
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Feb 20, 2012
02/12
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the economy is getting stronger! the recovery is speeding up. >> what impact will the extension of the payroll tax cut have on jobs? with us this morning, republican chairman of the house budget committee, paul ryan, and democratic congressman, chris van hollen. captions paid for by nbc-universal television >>> nine days to go for voters to go to the polls in arizona, and contraception issues back in the news. and rick santorum with a range of issues in what he called a phoney agenda. listen. >> it's not about you. it's not about you. it's not abouter quality of life or about your job. it's about some phoney ideal. some phoney theology. not a theology based on the bible, a different theology, but no less a theology. >> and paul ryan, republican of wisconsin and the ranking member, and chris van hollen. we are in the heat of a presidential campaign here, and a primary fight on the republican side and i want to ask more about the serial issues. rick santorum talked about a phoney theology, as he put it, that the presid
the economy is getting stronger! the recovery is speeding up. >> what impact will the extension of the payroll tax cut have on jobs? with us this morning, republican chairman of the house budget committee, paul ryan, and democratic congressman, chris van hollen. captions paid for by nbc-universal television >>> nine days to go for voters to go to the polls in arizona, and contraception issues back in the news. and rick santorum with a range of issues in what he called a phoney...
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397
Jun 13, 2011
06/11
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eye 397
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on one hand, if the economy doesn't get better, he's the guy elected to fix the economy, economy's gotten worse, americans fire that kind of president. he's got the biggest problem you could traditionally have in politics. but on the other side, the playing field is changing. when ronald reagan was elected -- the favorite election we all like to talk about, 1980 -- 80% of the people who cast the vote in the presidential election were white and they voted more republican than democrat. in the last election, last presidential election, that was down to 74%. and so, what's happening is the voter groups that republicans do a bad job of getting are growing quickl particularly latino voters. we're also having trouble with young voters. even in 2010 we lost them by double digits. they become all voters. so, the demographics are pushing in a more democratic, right now, situation, versus the bad economy, and that's the struggle. if republicans don't get into these new demographics, eventually we're going to run out of oxygen. >> richard, you write about this in the book, but the flip side of that
on one hand, if the economy doesn't get better, he's the guy elected to fix the economy, economy's gotten worse, americans fire that kind of president. he's got the biggest problem you could traditionally have in politics. but on the other side, the playing field is changing. when ronald reagan was elected -- the favorite election we all like to talk about, 1980 -- 80% of the people who cast the vote in the presidential election were white and they voted more republican than democrat. in the...
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60
Aug 5, 2011
08/11
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. >> it does nothing for the economy right now. nothing whatsoever. >> 98% of what i wanted. >> we're cutting spending too soon and too fast. >> a belief among what i'll call faux-conimists out there. some of whom are on the right. some of whom are on the left. >> 98% of what i wanted. >> that is not the case. that is not the case. that is not the case. >> incentives is exactly right. >> but republicans still blame the president. >> there's no scenario right now for this economy being thriving when the president runs for re-election in 2012. >> every presidential election comes down to basically a simple question. are you better off today than you were four years ago? >> president obama is trying to put the debt fight behind him, and focus now on jobs. >> put this in the category of the last thing president obama wanted for his birthday. >>> breaking news tonight. the dow plunged more than 500 points today. its worst day since the financial crisis in 2008. all of the market's gains for 2011 were wiped out this afternoon. there coul
. >> it does nothing for the economy right now. nothing whatsoever. >> 98% of what i wanted. >> we're cutting spending too soon and too fast. >> a belief among what i'll call faux-conimists out there. some of whom are on the right. some of whom are on the left. >> 98% of what i wanted. >> that is not the case. that is not the case. that is not the case. >> incentives is exactly right. >> but republicans still blame the president. >> there's...
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81
Sep 14, 2012
09/12
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eye 81
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economy. we've got the details. >>> and later, how ron paul's campaign to end the fed is influencing the entire republican party. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have a
economy. we've got the details. >>> and later, how ron paul's campaign to end the fed is influencing the entire republican party. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph,...
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45
Jun 8, 2012
06/12
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MSNBC
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eye 45
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the economy that we're dealing with today is the obama economy. we're dealing with -- >> what was mitch mcconnell? the republican senate leader. what hus wis numbhis number one legislative priority when obama got elected? to get obama defeated. >> which policy in the first three years? you know which policy in the first three years of this administration has not been accomplished? >> all i know -- >> tax increases. >> they've votes down the line against everything he's try toed do. the motive, destroy the guy politically. >> they didn't stop anything except tack increases. >> except all of the jobs programs on the table now. >> steve's right. they've got a lot on the table and these guys say no to everything, everything. >> they would do nothing for the economy today. >> that's your philosophy. >> the economy today -- in three years -- chris, which policy -- >> they do not wait for business to do the job has been rejected by the american people if they accept la day fair that's their mistake. >> which policy did the republicans block? >> every job
the economy that we're dealing with today is the obama economy. we're dealing with -- >> what was mitch mcconnell? the republican senate leader. what hus wis numbhis number one legislative priority when obama got elected? to get obama defeated. >> which policy in the first three years? you know which policy in the first three years of this administration has not been accomplished? >> all i know -- >> tax increases. >> they've votes down the line against everything...
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109
Dec 6, 2011
12/11
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the economy as a whole. finally, a strong middle class can only exist in an economy where everyone plays by the same rules. from wall street to main street. [ applause ] as infuriating as it was for all of us, we rescued our major banks from collapse, not only because the full-blown financial melt down would send us into a second depression, but because we need a strong healthy financial sector in this country. part of the deal was that we wouldn't go back to business as usual. that's why last year we put in place new rules of the road. they refocused the financial sector on what should be their core purpose. getting capital to the entrepreneurs with the best ideas and financing millions of family who is want to buy a home or send their kids to college. we are not all the way there yet. the banks are fighting us every inch of the way. already some of these reforms are being implemented. if you are a big bank or risky financial institution, you have to write out a living will that details how you pay the bill
the economy as a whole. finally, a strong middle class can only exist in an economy where everyone plays by the same rules. from wall street to main street. [ applause ] as infuriating as it was for all of us, we rescued our major banks from collapse, not only because the full-blown financial melt down would send us into a second depression, but because we need a strong healthy financial sector in this country. part of the deal was that we wouldn't go back to business as usual. that's why last...
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Apr 19, 2012
04/12
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MSNBC
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>> it's romney verses the economy. obama wants to make this a referendum on the republican party and tie all of your negative feelings to the republican party. the ratings for 12 straight poll that's we have conducted and the republican party is upside down. >> he says make it about rom any, and romney says make it about the economy. >> we asked if the economy will improve in the next 12 months, 38% said it would improve, 19% said it would get worse, and 42% said it would stay the same. when asked if reelected obama would help or hurt, 31% said it would help, for rom any they said 32% romney would help. here is the sad part for obama. people say he is not getting things better, 42% say it's going to be the same, but nobody sees to be afraid of romney, that's a low number and it stands out there. >> another reason why i'm with the pollsters here that it feels like we're going -- we asked another question, if president obama ones a second term, will that make you optimistic, hopeful, or uncertain and worried, 50% picked
>> it's romney verses the economy. obama wants to make this a referendum on the republican party and tie all of your negative feelings to the republican party. the ratings for 12 straight poll that's we have conducted and the republican party is upside down. >> he says make it about rom any, and romney says make it about the economy. >> we asked if the economy will improve in the next 12 months, 38% said it would improve, 19% said it would get worse, and 42% said it would stay...
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107
Apr 19, 2010
04/10
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eye 107
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obama approval on the economy. those are striking after the largest failure of the market economy in 2008 probably since the great depression. democrats have been losing control. this financial regulation is a place with two contending visions collide. as you heard from the congresswoman, the republican argument is that more government intervention is the problem. democrats i think want to make the case that what led to this disaster was the hands-off approach that the republican administration took, the bush administration, the low tax, low regulation approach that their agenda was built around led to this. i think you're going to see these contending both policy and political visions very clearly on display if this bill comes -- >> governor, on the economy taxes are a big piece of this. here is a provocative thought reported by the long angles times. a key question in this midterm election year is whether democrats will get cold feet over raising taxes during hard economic times. quote, they're in a push-pull sit
obama approval on the economy. those are striking after the largest failure of the market economy in 2008 probably since the great depression. democrats have been losing control. this financial regulation is a place with two contending visions collide. as you heard from the congresswoman, the republican argument is that more government intervention is the problem. democrats i think want to make the case that what led to this disaster was the hands-off approach that the republican administration...
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Oct 14, 2013
10/13
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economy, the global economy. obviously there is a credibility issue for the united states here, but help me understand the actual economic shock that would result from us not raising this debt ceiling and being in a position where america can't pay all its bills on time? >> do you remember 2008, the beginning of the great recession? >> yes. >> well, if there was a combination of the government shutdown for a period of time and, more seriously, more damaging if the debt ceiling was not lifted with a degree of certainty and enough time so that people could sort of have the assurance that the economy was in good standing, that would bring about so much uncertainty, so much risk of disruption that the standing of the u.s. economy would, again, be at risk. that some of the obligations that the first economy in the world has would not be respected. and i think, you know, there was a lot of discussion amongst the finance ministers from all over the world about the technical aspects of it. and you can argue forever as to
economy, the global economy. obviously there is a credibility issue for the united states here, but help me understand the actual economic shock that would result from us not raising this debt ceiling and being in a position where america can't pay all its bills on time? >> do you remember 2008, the beginning of the great recession? >> yes. >> well, if there was a combination of the government shutdown for a period of time and, more seriously, more damaging if the debt ceiling...
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139
Sep 6, 2010
09/10
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not a single new idea as to how to tackle the economy. should democrats have done a better job in terms of selling their policies? i think they should have. with two months left, i think democrats and republicans will be fighting out this difference in terms of where you want to lead the country. if we do a good job we can minimize traditional losses in elections. >> i think we will answer that in september and we will see a roll out response. >> on this labor day holiday a lot of people want to hear us talk about where are the jobs. we will talk again soon. >>> a pack soft cigarettes here and beer here. it is all part of citizens pitching in to hp the motherland. they are encouraging many to buy more cigarettes and alcohol, giving the government more to spend on social services. >> a british to be lloyd and wiretapping. why an old scandal could be causing new problems. >>> and you the tube. can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has an oat formula, now proven to build a moisture reserve, so sk
not a single new idea as to how to tackle the economy. should democrats have done a better job in terms of selling their policies? i think they should have. with two months left, i think democrats and republicans will be fighting out this difference in terms of where you want to lead the country. if we do a good job we can minimize traditional losses in elections. >> i think we will answer that in september and we will see a roll out response. >> on this labor day holiday a lot of...
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Jun 3, 2011
06/11
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this economy took a big hit. just like if you had a bad illness, if you got hit by a truck, you know, it is going to take a while for you to mend. that's what's happened to our economy, it has taken a while to mend. and, you know, there is still some head winds that are coming at us. lately high gas prices that have caused a lot of hardship for a lot of working families. then you have the economic disruptions following the tragedy in japan. you got the instability in the middle east, which makes folks uncertain. there are always going to be bumps on the road to recovery. we're going to pass through some rough terrain that even a wrangler would have a hard time with. we know that. wrangler can go over anything, huh? but, you know what, we know what's happened here. we know what's possible when we invest and what works. just as we succeeded in retooling this industry for a new age, we have got to rebuild this whole economy for a new age. so the middle class doesn't just survive, but it also thrives. these are tight
this economy took a big hit. just like if you had a bad illness, if you got hit by a truck, you know, it is going to take a while for you to mend. that's what's happened to our economy, it has taken a while to mend. and, you know, there is still some head winds that are coming at us. lately high gas prices that have caused a lot of hardship for a lot of working families. then you have the economic disruptions following the tragedy in japan. you got the instability in the middle east, which...
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Jun 12, 2012
06/12
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making the economy worse. leaving more unemployed people to fight for every open job, to sign up for unemployment insurance, to stop spending money in the local communities. right now, the unemployment rate in this country is at 8.2%. since barack obama was elected, the public sector has lost about 600,000 jobs. if you put those jobs back, if we haven't lost one job, if we stayed neutral at zero, the unemployment rate would be down to 7.8% right now. not great, but better. what if we did more than that? at this point in george w. bush's administration, public sector employment had grown by 3.7%. that would be about 800,000 jobs today. if we had done that to help fight off this recession, if we had followed the bush formula, then we'd have 1.4 million jobs more. and the unemployment rate would have fallen to 7.3%. if everything else had stayed the same. when the government employs somebody, it is a real job. a teacher is employed. a police worker is employed. a park ranger is employed. that person gets a check.
making the economy worse. leaving more unemployed people to fight for every open job, to sign up for unemployment insurance, to stop spending money in the local communities. right now, the unemployment rate in this country is at 8.2%. since barack obama was elected, the public sector has lost about 600,000 jobs. if you put those jobs back, if we haven't lost one job, if we stayed neutral at zero, the unemployment rate would be down to 7.8% right now. not great, but better. what if we did more...
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Sep 9, 2012
09/12
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i understand how our economy works. i've lived in the economy. i also understand how to work across the aisle. you get elected in massachusetts, where 87% of your legislature is in the opposition party, you've got to work with people across the aisle. i know how to do that. i'm going to work like crazy to break the deadlock in washington and to get america on the right track. i actually think that because we're at this precipice economically, at the precipice fiscally as a nation, as well, that there are going to be good democrats and good republicans who have shown respect, and if they see a president that's willing to work with them, to share credit with them, to encourage them and pull them along, we're going to be able to deal with the challenges we have. and if not i'm going to die trying because i'm going to do everything in my power to fix this country. >> final question, governor. before you go, you're in a unique position. you had both parents seek high office and both fell short. victory in this race is november will be humbling enough
i understand how our economy works. i've lived in the economy. i also understand how to work across the aisle. you get elected in massachusetts, where 87% of your legislature is in the opposition party, you've got to work with people across the aisle. i know how to do that. i'm going to work like crazy to break the deadlock in washington and to get america on the right track. i actually think that because we're at this precipice economically, at the precipice fiscally as a nation, as well, that...
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Apr 1, 2011
04/11
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a good economy. it's the single best indicator of whether an incumbent president gets re-elected and guess what. this guy really wants to get re-elected. i don't think he's doing whatever it takes to get everybody poor. >>> finally, civics on the house floor. not civility. civics. this week, republican majority leader cantor he said that if the house passed the quote government shutdown prevention act it would become the law. that's just not true. as well anybody who's seen how a bill becomes a law will tell you. guess what, anthony weiner decided from brooklyn not going to let cantor's slip completely go unnoticed. watch this. >> i brought you this. house mouse, senate mouse. which is sold in the gift shop to teach children how to understand the constitution and permit to read. it's the floor of each chamber of the senate and house where each senator and congress mouse gets to vote on the bill and if enough do, if enough do, this president signs it if he likes to. >> ah, anthony weiner, been on a ro
a good economy. it's the single best indicator of whether an incumbent president gets re-elected and guess what. this guy really wants to get re-elected. i don't think he's doing whatever it takes to get everybody poor. >>> finally, civics on the house floor. not civility. civics. this week, republican majority leader cantor he said that if the house passed the quote government shutdown prevention act it would become the law. that's just not true. as well anybody who's seen how a bill...
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Jun 8, 2012
06/12
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economy. did he make his case? >> reporter: well, i tell you he was very diagnostic on the european front where you had problems of debt and also real estate problems over there he went through great detail about what he's been briefed on so he's showed his knowledge of the european situation. he did a diagnosis of the american economy and said it isn't the american sector flagging it's the big cut backs in teachers, firefighters, et cetera. that needs to be addressed. it's a dr. obama saying what's wrong, here's how to fix it targeted to the teachers and of course the firefighters and other government employees at the state and county level that have been laid off. that is one of the ironies of the recovery, it's a battle between growth in the private sector, offset by cutbacks in the municipal and county and state employees which doesn't sound right because nobody talks about. about oi think he stole the headline with the iranian story, the need to maintain secrecy and whatever we're doing to on strukts the irani
economy. did he make his case? >> reporter: well, i tell you he was very diagnostic on the european front where you had problems of debt and also real estate problems over there he went through great detail about what he's been briefed on so he's showed his knowledge of the european situation. he did a diagnosis of the american economy and said it isn't the american sector flagging it's the big cut backs in teachers, firefighters, et cetera. that needs to be addressed. it's a dr. obama...
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Jul 10, 2011
07/11
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global economy. it's not something we -- failure is not an option. and the leaders, to their credit, understand that. and let me just say, there is no credible way to give congress more time. there's no constitutional option, there is no delay option, there's no creative financial option. they have to act by the 2nd. >> it's a significant consequence that you're outlining here, that america's credit rating could be downgraded without a deal by august 2nd. >> and it's much worse than that. that itself would be very damaging because that would affect the value of all americans' savings, the capacity of businesses to borrow to put people back to work. remember, 80 million checks a month we write, including people who depend on those checks to go out and buy food to meet their basic needs. >> would you have to make that decision? >> there's no alternative for congress to act by the 2nd, and they recognize it. and i'm very confident they will do that. i think what we're debating, david, is not really that
global economy. it's not something we -- failure is not an option. and the leaders, to their credit, understand that. and let me just say, there is no credible way to give congress more time. there's no constitutional option, there is no delay option, there's no creative financial option. they have to act by the 2nd. >> it's a significant consequence that you're outlining here, that america's credit rating could be downgraded without a deal by august 2nd. >> and it's much worse than...
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Sep 14, 2012
09/12
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egypt needs enormous amount of money to build its economy torque change its economy. instead of that we're threatening to cut off foreign aid. that's not going to give morsi any latitude with this public. >> there's lots of reasons america is hated in the region. i want to talk about is there an imaginable future where america is not the hated villain on the region or an unavoidable cost? >> there is some people who hate america. there is some people who get caught in the theater of the day, which these days is attacking american embassies. if you have a lot of unemployed youth with nothing better to do, it's very easy to suck them into a mob that's druggive and is targeting the u.s. ultimately this region will stop disliking america when it's integrated into the global economy. when it's doing trade with us, when it's sell things to us. when the livelihoods of the average person depends on trade and prosperity on the american and european consumers. that's not going to happen overnight. unfortunately, this is a step backwards what happened the past two days. but it w
egypt needs enormous amount of money to build its economy torque change its economy. instead of that we're threatening to cut off foreign aid. that's not going to give morsi any latitude with this public. >> there's lots of reasons america is hated in the region. i want to talk about is there an imaginable future where america is not the hated villain on the region or an unavoidable cost? >> there is some people who hate america. there is some people who get caught in the theater of...
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Jun 12, 2012
06/12
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we want to see colorado's economy continue to grow and the country's economy continue to grow. what we've seen is the economy in virginia has improved and that the unemployment rate in a lot of areas has dropped significantly. >> and though the president didn't mention romney by name, he pointedly brought him up when a colorado springs reporter asked him why neither party can acknowledge that the other side is right about anything. >> it's true that the parties are divided right now, but it's not because my administration hasn't constantly reached out to them. even my health care bill, which is something that has generated a lot of negative attention on the republican side was modeled on the health care bill that was passed by their current republican nominee. so, obviously, it wasn't too far out. >> by the way, remember how much grief the president got from conservatives when he weighed in and argued that the supreme court should uphold health care reform? where newt gingrich appeared, romney made his own pitch about how the justices should rule, saying, "gosh, i hope they do
we want to see colorado's economy continue to grow and the country's economy continue to grow. what we've seen is the economy in virginia has improved and that the unemployment rate in a lot of areas has dropped significantly. >> and though the president didn't mention romney by name, he pointedly brought him up when a colorado springs reporter asked him why neither party can acknowledge that the other side is right about anything. >> it's true that the parties are divided right...
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Feb 2, 2013
02/13
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the economy grows more slowly. government is a significant part of the economy. and if we learned anything, which you suggest we haven't, if we were going to learn from this, what we would learn is in fact you cut the government spending at a time like this you're going to grow more slowly. now the sequester threatens $85 billion of cuts in 2013. and most estimates are that could take another half of a percentage point off of gdp. like i said, if we're growing at somewhere around 1.2% we can't afford that. why is the market -- the dow hit 14,000 today, doing very, very well. >> i think i can explain it. >> explain it, enlighten me. >> so far, we have been talking exclusively about the united states. although i did mention austerity and europe. but corporate profitability is doing well. well, if you're a multi-national corporation that can sell into developing economies in asia, for example, then your profitability doesn't depend on the united states getting it right. it doesn't depend on the congress rejecting austerity. what it does is go where there is growth.
the economy grows more slowly. government is a significant part of the economy. and if we learned anything, which you suggest we haven't, if we were going to learn from this, what we would learn is in fact you cut the government spending at a time like this you're going to grow more slowly. now the sequester threatens $85 billion of cuts in 2013. and most estimates are that could take another half of a percentage point off of gdp. like i said, if we're growing at somewhere around 1.2% we can't...
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Jan 26, 2012
01/12
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we have them talking about the economy. hasn't the president really began making them come back to what the american people are really concerned about? >> well, there's not a lot of times i'd say i'd agree with newt gingrich. mitt romney does have a lot of nerve talking about foreclosures. not only because he invested $500,000 in fannie and freddie, but because a few months ago, remember reverend al he said he didn't think we should do anything to help people remain in their homes. we should just let the housing crisis hit rock bottom and let investors come in and scoop up the properties and sell them for a profit. the other day here in florida, he suggested to homeowners who were struggling to be able to remain in their homes that maybe they could buy each other's houses and swap. i mean, that's how dramatically out of touch he is. then today we learned when it comes to his finances, he didn't include a swiss bank account in his financial disclosure when he filed for president. you want to talk about an oops moment? i've b
we have them talking about the economy. hasn't the president really began making them come back to what the american people are really concerned about? >> well, there's not a lot of times i'd say i'd agree with newt gingrich. mitt romney does have a lot of nerve talking about foreclosures. not only because he invested $500,000 in fannie and freddie, but because a few months ago, remember reverend al he said he didn't think we should do anything to help people remain in their homes. we...
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Jul 6, 2012
07/12
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that tells you that the economy is slowing. politically speaking, you can go back and you can look and see that when you get to that four-month point before the election, three, four months before the election, if the economy is not performing, that's the sort of tension point where these numbers begin to stick in the voters' consciousness. so even if things start to turn around come september, october, they're going to remember this weak spring, this slowdown summer and it's going to be difficult for the administration to overcome being tarred by that. >> what kind of number would be a decent turn-around, you think? >> you got to get up above 200,000 jobs created monthly to really say the economy has some forward traction. remember that the economy basically adds 100,000 workers every month to begin with, so we're basically creating jobs at a sort of steady stasis level. in other words, we're creating jobs to equal or absorb the new workers who are coming on. if you really want to make traction, you've got to get back to where
that tells you that the economy is slowing. politically speaking, you can go back and you can look and see that when you get to that four-month point before the election, three, four months before the election, if the economy is not performing, that's the sort of tension point where these numbers begin to stick in the voters' consciousness. so even if things start to turn around come september, october, they're going to remember this weak spring, this slowdown summer and it's going to be...
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Dec 7, 2010
12/10
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how quickly the economy is going to grow. when are private sector businesses start going to plant equipment and start hiring people again? you know, there are a lot of economists out there who have been struggling with that kwi. so i'm not going to make a prediction. what i can say with confidence is this package will help strengthen the recovery. that i'm confident about. chuck todd. mr. president, what do you say to democrats who say you're rewarding republican here. you said they were unwilling to budge on this. a lot of progressive democrats are saying they're unwilling to budge. you're asking them to get off the fence and budge. why should they be rewarding republican structurstructure? >> let me use a couple of analogies. i've said before that i felt that the middle-class tax cuts were being held hostage to the high-end tax cuts. i think it's tempting not to negotiate with hostage takers. unless the hostage gets harmed. then people will question the wisdom of that strategy. in this case the hostage was the american peop
how quickly the economy is going to grow. when are private sector businesses start going to plant equipment and start hiring people again? you know, there are a lot of economists out there who have been struggling with that kwi. so i'm not going to make a prediction. what i can say with confidence is this package will help strengthen the recovery. that i'm confident about. chuck todd. mr. president, what do you say to democrats who say you're rewarding republican here. you said they were...
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Aug 10, 2012
08/12
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, jobs, the economy, the economy, down with obama care, tax cuts, the economy, the economy. the economy with specific reference to china, drill, baby, drill, economy, that was june. then july. >> where did the obama stimulus money go? >> barack obama's campaign and allies will run more negative ads against this republican nominee in 2012 than ever run in the history of the world. >> obama's dishonest campaign, another reason why america has lost confidence in barack obama. >> it's time we had somebody who believes in us. >> freedom and free enterprise are what creates jobs. >> everything i do is going to be focussed on getting this economy going. >> so you look at the ten or so ads that came out of the romney campaign in the month of july, the economy, the economy, the economy, president obama is a liar, the economy, jobs, jobs, jobs, the economy. all but three of the ads that month were about economy and jobs, and the ones that were not were about how terrible and horrible president obama is as a person. say what you will about the guy, mitt romney has been very focussed, h
, jobs, the economy, the economy, down with obama care, tax cuts, the economy, the economy. the economy with specific reference to china, drill, baby, drill, economy, that was june. then july. >> where did the obama stimulus money go? >> barack obama's campaign and allies will run more negative ads against this republican nominee in 2012 than ever run in the history of the world. >> obama's dishonest campaign, another reason why america has lost confidence in barack obama....
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Jun 7, 2011
06/11
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and the fact that the president owns this economy. another problem he has got, he k do anything about it, where the republican house, a senate basically that while in democratic control is every man for himself. what is he going to go around the country -- >> the standard recipe at this point was jack up spending, prime the pump. economic stimulus has been totally discredited, one bite at the am at it wasn't a very good bite back with the stimulus package in 2009. >> the perception, you can go back and argue, perception is that it didn't work. >> i would argue it was unfocused a lot of things that where are you going to get bang for your buck? to clarence's point, you are either bill clinton or you're not. empathetic has to be natural. empathy has to be natural. if it doesn't -- excuse me, come natural to you, you can't fake it you can't -- >> one of the things that bill clinton did well empathy was lose his voice like charlie that happens lot. >> let me bite my lip. >> i think go further than charlie did. >> very quick. >> i feel you
and the fact that the president owns this economy. another problem he has got, he k do anything about it, where the republican house, a senate basically that while in democratic control is every man for himself. what is he going to go around the country -- >> the standard recipe at this point was jack up spending, prime the pump. economic stimulus has been totally discredited, one bite at the am at it wasn't a very good bite back with the stimulus package in 2009. >> the perception,...
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Jan 7, 2011
01/11
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first, we are following numbers about the economy. new numbers show the economy added 103,000 jobs in the month of december. it's far fewer than the 145,000 jobs economists expected. the nation's unemployment rate dropped.4% to 9.4%. the lowest level since may 2009. it's partly because of job numbers being revised upwards and some people giving up looking for work. in all, 14.5 million people are listed as unemployed in the country. president obama talked about it as he visited a window manufacturing plant in maryland. >> the economy added 1.3 million jobs last year. each quarter was stronger than the previous quarter which means the pace of hiring is beginning to pick up. we are also seeing more optimistic economic forecasts for the year ahead. even though our economy is recovering, we have a lot to do. >> the president also had another big announcement as he shakes up white house staff and seeks to stimulate the economy. he's named gene sperling. many people wonder what he will bring to the conversation and to the progress of gettin
first, we are following numbers about the economy. new numbers show the economy added 103,000 jobs in the month of december. it's far fewer than the 145,000 jobs economists expected. the nation's unemployment rate dropped.4% to 9.4%. the lowest level since may 2009. it's partly because of job numbers being revised upwards and some people giving up looking for work. in all, 14.5 million people are listed as unemployed in the country. president obama talked about it as he visited a window...
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Sep 10, 2010
09/10
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that will protect the economy, as well as individual consumers. this agency, i think, has the capacity to really provide middle class families the kind of protection that's been lacking for too long. now, the idea for this agency was elizabeth warren's. she's a dear friend of mine. she's somebody i have known since i was in law school. and i have been in conversations with her. she is a tremendous advocate for this idea. it's only been a couple of months and this is a big task standing up this entire agency. i'll have an announcement soon on how we're going to move forward and i think what's fair to say is that i have had conversations with elizabeth over the course of these last couple of months, but i'm not going to make an official announcement until it's ready. >> are you concerned about a senate confirmation? >> you know, i'm concerned about all senate confirmations these days. i mean, if i nominate somebody -- >> but with respect to elizabeth warren? >> i wasn't trying to be funny. i am concerned about all senate nominations these days. i've
that will protect the economy, as well as individual consumers. this agency, i think, has the capacity to really provide middle class families the kind of protection that's been lacking for too long. now, the idea for this agency was elizabeth warren's. she's a dear friend of mine. she's somebody i have known since i was in law school. and i have been in conversations with her. she is a tremendous advocate for this idea. it's only been a couple of months and this is a big task standing up this...
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Sep 8, 2010
09/10
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they're less likely to spend the money and help the economy. let's listen into the president. >> somebody who i believe is one of the finest governors in this country, ted strictland is here. >> the lieutenantç governor an soon to be senator in the state of illinois -- i mean ohio, lee fisher is here. i used to hear that line all the time about that senator from illinois. that would be me. outstanding mayor of cleveland, frank jackson is here. the mayor of parma. somebody is fighting for work and families each and every day, senator sharon brown is here. and three of the hardest working and finest members of the house of representatives dennis kusinic, marsha and john. good afternoon, everybody. it is good to be back in ohio. in 2008, one of my last rallies in my presidential campaign was right here in the cleveland area. it was a hopeful time. just two days before the election. and we knew that if we pulled it off, we'd finally have the chance to tackle some big and difficult challenges that had been facing this country for a very long time.
they're less likely to spend the money and help the economy. let's listen into the president. >> somebody who i believe is one of the finest governors in this country, ted strictland is here. >> the lieutenantç governor an soon to be senator in the state of illinois -- i mean ohio, lee fisher is here. i used to hear that line all the time about that senator from illinois. that would be me. outstanding mayor of cleveland, frank jackson is here. the mayor of parma. somebody is...
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Sep 6, 2010
09/10
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i call it the tortoise economy. the economy is growing. numbers are coming out. after this recession our recovery started more quicy be than any other recession in the past 25 years. it's accurate to say we're growing and growing in the right direction. politically how do you spin a 9.6% unemployment rate to have it be positive. it's hard it to see how they'll make that case. >> are republicans going to give this president anything on taxes? any victory before november even if on paper it makes sense as something they would want. >> this time of year everything is political. this research and development credit, businesses and corporations love it. it's been around since 1981 or something. it's not a new initiative. it won't make a big difference in the economy and that's the problem the administration has had since the stimulus which is clearly a failure. everything since then has been $20 billion, $30 billion here. that doesn't make a difference in a $14 trillion economy. >> e.j.? the economy and taxes and where things stand? >> i think the administration is in
i call it the tortoise economy. the economy is growing. numbers are coming out. after this recession our recovery started more quicy be than any other recession in the past 25 years. it's accurate to say we're growing and growing in the right direction. politically how do you spin a 9.6% unemployment rate to have it be positive. it's hard it to see how they'll make that case. >> are republicans going to give this president anything on taxes? any victory before november even if on paper it...
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Feb 4, 2012
02/12
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ex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> the first test in the west, gop presidential contenders battle for nevada today. we are going to take you live to las vegas to get the morning line on who might be the big winner. >>> on the jobs front, some good news for president obama. unemployment down again. how will this affect the 2012 campaign? will it change the message from either party? >>> it's the most powerful snowstorm of this winter. it pounded colorado. now it is moving east. but how far will it reach? we are going to bring you a live report. >>> it's super saturday. more than 24 hours from the big game. we will bring you some of the staggering numbers behind the super bowl. >>> good morning, everyone. welcome. it's 9:00 a.m. here on the east and 6:
ex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> the first test in the west, gop presidential contenders battle for nevada today. we are going to take you live to las vegas to get the morning line on who might be the big winner. >>> on...
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Sep 6, 2010
09/10
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is it a bad economy? case closed, charlie, or is there a leadership question, a failure of leadership that got us to this point? >> democrats needed three things to happen this year. they needed unemployment to turn around. when you look at the groups that were sort of the booster that pushed them over the top, among african-americans, the unemployment rate is 16.3. way more than it was when the president took office. hispanics, 12. young people, 26. the job market for recent college graduates, the worst in 35 years. he desperately needed unemployment to turn around. number two, he needed attitude toward health care reform to change. that hasn't happened. they had to get control of the agenda. they are paying a price for having focused so thoroughly on health care for a solid year at a time when the economy was deteriorating and, for a lot of voters, they just see the president and democrats as having checked the box on stimulus and then gone to cap and trade and health care leaving the economy. >> how ab
is it a bad economy? case closed, charlie, or is there a leadership question, a failure of leadership that got us to this point? >> democrats needed three things to happen this year. they needed unemployment to turn around. when you look at the groups that were sort of the booster that pushed them over the top, among african-americans, the unemployment rate is 16.3. way more than it was when the president took office. hispanics, 12. young people, 26. the job market for recent college...
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May 18, 2012
05/12
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you make the economy more depressed. that means right away, even at the very beginning, whatever you do is paid for with a weaker economy which also means weaker revenues. so you don't get very much improvement in the budget deficit right up front and then if you play into an economy like we have now where we have almost 4 million people who have been out of work for more than a year and who the longer they're unemployed, the less likely it is that they'll ever get back to work, when you have an economy where college graduates can't find jobs or make use of any of their skills and end up being derailed from their entire future careers, you're hurting the future growth of the economy, the tax base as well. even if you don't care ought all about the people, which you should obviously, if all you care about is the budget, cutting spending right now is a way to make the budget worse too. i say it's like medieval doctors who thought if you were sick, they should bleed you. they say, hecht's bleed you even more. now is not the
you make the economy more depressed. that means right away, even at the very beginning, whatever you do is paid for with a weaker economy which also means weaker revenues. so you don't get very much improvement in the budget deficit right up front and then if you play into an economy like we have now where we have almost 4 million people who have been out of work for more than a year and who the longer they're unemployed, the less likely it is that they'll ever get back to work, when you have...
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Jul 20, 2009
07/09
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. >> even as we rescue this economy from this crisis, i believe we have to rebuild an even better economy than we had before. that means finally controlling the health care costs that are driving this nation into debt. >> controlling those health care costs, but on that very day, just hours aftbefore the presid spoke this was from the nonpartisan director of the congressional office, kind of the umpire for the plans. he says this, "congress's chief budget scorekeeper casts a new cloud over democratic it's to overhaul the nation's health care system, telling lawmakers thursday that the main proposals being considered would fail to contain costs, one of the primary goals and could actually worsen the problem of rapidly escalating medical spending. we do not see the sort of fundamental changes that would be necessary to reduce the trajectory of federal health spending by a significant amount. on the contrary, the legislation significantly expands the federal responsibility for health care costs." if lowering costs is the rationale the president can't support what's going through congress rig
. >> even as we rescue this economy from this crisis, i believe we have to rebuild an even better economy than we had before. that means finally controlling the health care costs that are driving this nation into debt. >> controlling those health care costs, but on that very day, just hours aftbefore the presid spoke this was from the nonpartisan director of the congressional office, kind of the umpire for the plans. he says this, "congress's chief budget scorekeeper casts a...
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Jun 4, 2011
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it is not like the jobs leave the economy. it is always helpful to have jobs in the economy. they keep a recovery going. so the question becomes whether or not these are temporary or permanent factors and whether or not this one month we have had of decline in job growth means that the recovery is now more in danger. >> but i'm curious about what is behind that. because if you look at the numbers, steve, only 54,000 jobs created in may. but the three months prior to may averaged 230,000 jobs per month. i mean, what could be behind that dramatic of a slowdown? >> in the first instance, a big part of the decline in job growth has been the decline in government workers. we lost 29,000 government workers over the past year. we have lost 850,000 government jobs and added 1.7 million job! s in the private sector. so the budget crisis is hitting the job market. that's in the first instance. there is a whole bunch of other things that are out there. higher oil prices, the tsunami in japan has really disrupted the global supply chain for automobile manufacturing. there has been a slow
it is not like the jobs leave the economy. it is always helpful to have jobs in the economy. they keep a recovery going. so the question becomes whether or not these are temporary or permanent factors and whether or not this one month we have had of decline in job growth means that the recovery is now more in danger. >> but i'm curious about what is behind that. because if you look at the numbers, steve, only 54,000 jobs created in may. but the three months prior to may averaged 230,000...
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Aug 22, 2011
08/11
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it'she economy. and the economy is in trouble. can an incumbent president win with long unemployment lies, wall street in turmoil and americans feeling increasely hopeless? >>> plus, rick perry roars into the republican race. is the texas governor the gop's best hope for beating president obama? or is he a primary star who will fade out in a general election? our roundtable weighs in. former congressman haro ford jr. "wall street journal's" peggy noonan. "washington post's" e.j. dionne. and cnbc's maria btiromo. [ female announcer ] we always try to save you even more money when you switch your car insurance to esurance. i could save 'em 522 smackers. you talkin' dough? bread. benjamins? scratch. greenbacks. moolah. cheddar... simoleons! don't try to out-save me. [ female announcer ] any way you say it, $522 is the average amount saved by people who switched to esurance. 522 bucks! [ female announcer ] to find out how much you'll save, call 1-800-esurance or visit esurance.com right now. that's 1-800-esurance or go to esurance.com
it'she economy. and the economy is in trouble. can an incumbent president win with long unemployment lies, wall street in turmoil and americans feeling increasely hopeless? >>> plus, rick perry roars into the republican race. is the texas governor the gop's best hope for beating president obama? or is he a primary star who will fade out in a general election? our roundtable weighs in. former congressman haro ford jr. "wall street journal's" peggy noonan. "washington...